Then I recharged the staff and repeated the process *four* times.
Nothing.
He kept casting lightning spells like nothing happened.
Yes. It's bugged on consoles.
I believe that it was fixed with one of the unofficial patches...last time I read.
I find most staffs useless and that one extremely so.
this plus it somehow for unknown reasons got nerfed in the development
it is suppose to be one of the most powerfull magic items known in Tamriel, plus it is a pretty extensive questline to get it with some nasty fights to get it
feel sorry for the console players tho
"Halldir's Staff" is the only staff I've ever found truly useful on my characters. It's special trick is casting a ranged AoE soul trap. Very useful when mammoth/Giant hunting as a robe wearing mage. Letting Serana have a staff of fireballs during the DG questline is also a good idea.
Ironically, Requiem turns the Staff of Magnus into one of the most powerful weapons in the game.